I posted this reverse triangle last month
warosu.org
The target price for that triangle was 7920. Now we're heading towards a dump. The daily RSI shows oversold levels at 73. We haven't seen those levels since December. You should prepare yourself for this week as there will be a dump for the next 2 weeks.
Other urls found in this thread:
coindesk.com
twitter.com
what 73
>trades only using rsi
Kek. You'll never make it with your meme lines and triangles.
honestly, if we dump at this point, everyone is fucked.
so the last time we hit 73 rsi, we went to 20k
and you are selling
Weekly macd confirms bullrun pleb
>so the last time we hit 73 rsi, we went to 20k
Didn't last long and bitcoin lost 70%
lol
The RSI can keep growing fucking retard. It's the consequence of the growth, not the cause. It should not be used to predict peak.
Isn't RSI relative?
what if the previous 73 is actually a 20 compared to what's about to happen.
>It's the consequence of the growth, not the cause. It should not be used to predict peak.
Possibly the most dumbest thing I read on Jow Forums this month
Okay we will see how your shitty predictor will work then. Go take a course in probability
Ha ha what a colossal douchebag
> I hope you all listened
> I posted this last month
No one cares
How can people like you be wrong 90% of the time, and keep thinking they can predict anything in the market ? Tell me how someone can be in such a state of cognitive dissonance ?
he is right you mong
selling just as you enter oversold is selling too early
you want to sell when the momentum turns down
>Predict the price
>Bitcoin goes up
>lol no you're wrong
Try harder
>Didn't last long and bitcoin lost 70%
golly gee guess that the 20k never happened then.
>Artificial growth
>It's not oversold yet you must sell when it comes down
In other words, buy high sell low.
>he thinks he can use his meme lines to predict the bart market
Dios mio
Okay you really are a lost cause. Have you seen the fucking picture you posted ? You posted a fucking triangle and a cringy "Block your path" text. You NEVER predicted the price. It could have gone up 50% chance. It's just luck. Show me 10 good direction prediction and I will trust you retard. You have NO understanding of probabilities and I hope you took a loan and get liquidated to death
>golly gee guess that the 20k never happened then.
golly gee bitcoin end up losing 70% then
so what? You're literally just confirming the things people call you retarded for
>You posted a fucking triangle and a cringy "Block your path" text.
>He doesn't add up the triangle
>Triangle measures to 1550
>1550+6377
>???
>PROFIT
You seem to be pretty upset at the fact that people can predict the price and profit out of it. Must suck being a loser, eh?
>so what?
Haha how can you be this dense?
>Bitcoin hits oversold levels
>but it hit 20k
>Didn't last long
>Lost 70%
You're only proving my point with that circular logic of yours. Are you implying that Bitcoin will continue to go up? Please state your sources.
tell your parents I'm sorry for making fun of their disabled son
>Doesn't state the sources
Exactly just what I thought.
So then BTC will go sideways, RSI will drop and Alts will pump.
How exactly do you believe a source for future events looks like?
How retarded are you?
>Predict a dump
>O-ok it's gonna hit 8k but that's just a dump flag
You're desperate
I think a lot of alts will unironically go to damn near 0. Could happen, a big purge of shitcoins. Which most knew weren't going to last forever.
>How exactly do you believe a source for future events looks like?
>What is fundementals
You're equally as stupid as this user . I was expecting you to say ETFs. Why do you come to my thread and embarrass yourself like that?
Pretty much for now. Volume has been terrible lately. 4,800 might be a possible new low.
do you feel comfort in talking shit on the internet with strangers? Don't you want to call your parents?
Psychotherapy is also an option for people like you
Sorry Mr. Shekelstein... NOT SELLING.
Shut the fuck up bitch
I told these retards the same thing OP. I marked the peak at a little over $8000. They could sell now, but they won't because they're retards. They honestly don't deserve anything more than ridicule when they consistently fail.
Also, what do you think about the alt market? Is it a good investment now that BTC is kill?
Guess now we're getting closer to the real issue of this user.
Your mom didn't love your, huh?
>I told these retards the same thing OP. I marked the peak at a little over $8000. They could sell now, but they won't because they're retards. They honestly don't deserve anything more than ridicule when they consistently fail.
I'm glad smart anons like you still browse this board. Peace be with you
>Also, what do you think about the alt market? Is it a good investment now that BTC is kill?
I'd probably stay away from the crypto market in terms of hodling unless you are planning to short. If Bitcoin goes down, it will take alts with it. The only reason why Bitcoin has been growing while alts have been bleeding is because of Bitmex algorithm bots. No one is really hodling anymore. Most people are placing longs and shorts at high leverages for profit.
I've been holding since 6k and just sold at 8k. That said, I want you to remember your post here n a few hours to a day. Remember how much of a colossal fuckup you are at that point.
Also, when you're looking back at this point ask yourself, did you really have agency at all? Could you really have sold? Or were you just doomed to rinse and repeat your wagie fuckups as usual. This is the real reason you'll never become wealthy.
I'd like you to check out the global market cap. It seems bullish and alts are definitely oversold in sats. It really looks like it could go either way desu.
Well maybe bullish is too strong of a word, but it seems like it's at an inflection point where it could break out. Clearly in the pic it already tested the longterm downward resistance and now it's still hanging out there.
The news of big institutions coming in this indeed does look optimistic. I'm excited
one thing is that this is only for bitcoin, the other alts are lagging behind. btc will likely stall/bleed while other alts recover and then we will follow the trend line for global market cap
Here's another pic with some crude memelines. I dunno tbhfam. Shitcoins have really been holocausted in the past few months. Ontology has dropped to 40% of its value in sats over the past few weeks and Verge is under 300 sats.That seems like a prime recipe for a boom.
>dogecoin dark isn't worth 0 sats
i'm relatively bullish, but don't pull shit out of your ass
This isn't 2016, brainlet. Dogecoin dark hit 2000 sats at its peak and 1300 not too long ago. It's also one of the only shitcoins with actual use value right now.
rsi was 73 before btc went from 7k to 20k (almost 3x increase) before rsi reversed.
so lets say your retarded tarot cards can actually predict the future. youre telling people to sell now (just as rsi hit 73), before a 3x increase.
youre one dense motherfucker.
You can tell most ppl posting in this thread have just fomoed in or fear sold alts lmao
>youre telling people to sell now (just as rsi hit 73), before a 3x increase.
>rsi hitting at 73 means there will be a 3x increase
>implying volume is the same as it was in december 2017
>volume then: 1.2b
>volume now: 2.2b
you do you brainlet. btw, wheres your screencap with leveraged short if youre so certain of your tea leaf reading skills?
Why do you embarrass yourself like that? Is pegging more of your thing?
>coindesk.com
sure, pajeet, whatever your masters tell you to say. interesting choice of date to cut off graph (right at the very top of the bubble). the date i was talking about is mid-late november 2017. and guess what, the volume is starting to increase from those levels, just like it did in november/ december.
but again, you do you. ill just take your money and move on.
>bitcoin's 24-hour trading volume had fallen to $2.92 billion,
>only for one day
Literally nothing
>the date i was talking about is mid-late november 2017. and guess what, the volume is starting to increase from those levels, just like it did in november/ december.
Now this is some next level cope
you're a fag and your picks are for gambling addicts. I'm sure verge will have it's retard pump in time, but for fucks sake shitcoins are more than likely to keep bleeding.
He's right you moron. Look up how to use the RSI. You want to sell when RSI shoots up well past 70 and then falls back well below 70 later, i.e. when there is downward momentum.
Nope. Didnt listen. Youre a retard and youre wrong. 10K test in 2 weeks.
>RSI shoots up well past 70 and then falls back well below 70 later, i.e. when there is downward momentum.
Ahahaha shut the fuck up. Did RSI hit " well past 70" during May on the daily? Nope, and yet Bitcoin lost 30 percent. Did RSI hit "well past 70" on Jan. 6 2018? Nope yet Bitcoin lost well over 60 percent of it's price. This situation that we are currently in is unique because not only did we hit 73 in 40 days, it is also artificial growth.
Go back to babypips, noob.
There's always been pumps from artificial growth retard.
And you don't seem to understand what artificial means. It means it will still go up regardless of what RSI indicators say because whale manipulators will push it.
10K in 2 weeks. Listen or don't you're still a weirdo fag.
Daily timeframe isn't as jewed as 1hr/30hr timeframes therefore the indicators are much more reliable you mouth breather.
Also,
>Let me pull a random price out of my ass because I'm right and you're wrong
LOL!
>went up 300$ since this post
shitty meme lines dont work for crypto dog
Jow Forums can predict the markets /thread
the best part is at least 1 of you will probably be right